New contract bolsters Scott Technology appliance business

New contract bolsters Scott Technology appliance business 21 October 2021 - Scott Technology Limited (NZX: SCT) today announced the signing of a multi-million dollar contract to deliver an automation solution for a US-based, leading global appliance manufacturer. The NZ$20 million project will see the development of a fully automated, high-quality, appliance production line. It will feature high volume production capabilities, advanced diagnostics, model change-on-the-fly and mixed batch production. Scott Technology CEO, John Kippenberger says, "We're delighted to secure this significant contract with one of our existing and important customers, a global leader in the branded white goods sector. This is a great example of our Scott 2025 strategy in action; as we continue to build long-term customer partnerships which delivers proven, efficient technology solutions across multiple plants in the United States. It is also further recognition that the technology coming out of Scott's New Zealand design and build base remains highly competitive against global competition". The design and build will take place at Scott's appliance Centre of Excellence based in Christchurch, New Zealand, and installed in the customer's North American manufacturing plant. Work will commence on the project immediately with anticipated delivery late 2022. -ENDS- End CA:00381409 For:SCT Type:GENERAL Time:2021-10-21 11:38:36